Indo Tech Transformers is currently trading at Rs. 144.30, up by 1.45 points or 1.02% from its previous closing of Rs. 142.85 on the BSE.
The scrip opened at Rs. 143.50 and has touched a high and low of Rs. 146.50 and Rs. 142.95 respectively. So far 4456 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 148.80 on 23-Oct-2012 and a 52 week low of Rs. 69.10 on 30-Dec-2011.
Last one week high and low of the scrip stood at Rs. 146.50 and Rs. 138.00 respectively. The current market cap of the company is Rs. 154.52 crore.
The promoters holding in the company stood at 74.35% while Institutions and Non-Institutions held 0.39% and 25.26% respectively.
Indo Tech Transformers is mulling an option and seeking an approval for borrowings from Bank of America NA, to the extent of Rs 10 crore for working capital requirements. The board meeting was held on December 12, 2012 for the same.
Indo Tech Transformers is a prominent player in the transformer market in India, manufacturing power and distribution transformers up to 100 MVA/220 KV. The company is having four manufacturing facilities spread between Palakkad in Kerala, Thirumazhisai & Kancheepuram in Chennai, Tamil Nadu.